Form 8854

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AHTrenc
Posts: 3
Joined: Wed May 01, 2013 3:52 pm

Form 8854

Post by AHTrenc »

How are jointly held assets treated wen you prepare this form. One form per person 50% of the value for each?
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Taxpoor
Posts: 110
Joined: Thu Oct 11, 2012 9:14 am
Location: Canada

Post by Taxpoor »

Yes..

example;

if you are a USC and your partner/spouse owns 50% of the home, then you tabulate your 50% ownership in that real property on the 8854 .
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Taxpoor
Posts: 110
Joined: Thu Oct 11, 2012 9:14 am
Location: Canada

Post by Taxpoor »

however, if you have signing authority on bank accounts, i believe you have to include these as well, just like fbar
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